Parliamentary Economic: The Central Bank has allocated one trillion dinars for the national project for youth employment
14:42 - 04/16/2020
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The Parliamentary Economy and Investment Committee revealed, on Thursday, that the Iraqi Central Bank allocates one trillion Iraqi dinars for the national project to employ unemployed youth.
Member of the Committee, Mithaq Al-Hamedi, said in a statement to "Information", that "the Ministry of Planning launched the national project to employ unemployed youth in all governorates of the country", pointing out that "the central bank will provide loans to young people who own an agricultural industrial project and the loan amounts reach a maximum of 50 Million dinars".
She added that "the Central Bank of Iraq allocated one trillion Iraqi dinars for the national project to distribute it as loans for unemployed youth", indicating that "the bank provides loans to young people with advanced assistance and does not need these loans to ensure an employee, but the project is the guarantor."
She indicated that "the loans are paid in installments for a period of ten years and the first two years the project owner is exempt from payment," explaining that "Fouad loans do not exceed 3%, and this matter is important in the success of the youth employment plan." It ended 25 T.